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Complete financial analysis of Pioneer Power Solutions, Inc. (PPSI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Pioneer Power Solutions, Inc., a leading company in the Electrical Equipment & Parts industry within the Industrials sector.
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Pioneer Power Solutions, Inc. (PPSI)
Industry: Electrical Equipment & Parts
Sector: Industrials
About Pioneer Power Solutions, Inc.
Pioneer Power Solutions, Inc., together with its subsidiaries, designs, manufactures, sells, and services electric power systems, distributed energy resources, used and new power generation equipment, and mobile EV charging solutions in the United States, Canada, and internationally. The company operates in two segments, Transmission & Distribution Solutions and Critical Power Solutions. The Transmission & Distribution Solutions segment provides electric power systems, including e-Bloc, and distributed energy resources that help customers effectively and efficiently protect, control, transfer, monitor, and manage their electric energy requirements. It also provides low voltage switchgears and transfer switches. The Critical Power Solutions segment provides new and used power generation equipment, and aftermarket field-services to ensure smooth and uninterrupted power to operations during times of emergency. The company serves utility, industrial, commercial, and backup power markets. The company was incorporated in 2008 and is headquartered in Fort Lee, New Jersey. Pioneer Power Solutions, Inc. is a subsidiary of Provident Pioneer Partners, L.P.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 41.49M | 27.00M | 18.31M | 19.49M | 20.58M | 106.39M | 101.39M | 114.40M | 106.52M | 92.19M | 88.16M | 83.96M | 68.79M | 47.24M | 40.60M | 0.00 |
| Cost of Revenue | 33.14M | 22.39M | 16.92M | 18.61M | 19.42M | 87.14M | 81.40M | 89.50M | 85.42M | 74.02M | 66.39M | 65.02M | 52.81M | 35.64M | 28.73M | 0.00 |
| Gross Profit | 8.35M | 4.61M | 1.39M | 881.00K | 1.17M | 19.25M | 19.99M | 24.90M | 21.11M | 18.17M | 21.77M | 18.94M | 15.98M | 11.60M | 11.86M | 0.00 |
| Gross Profit Ratio | 20.12% | 17.06% | 7.61% | 4.52% | 5.66% | 18.09% | 19.72% | 21.77% | 19.81% | 19.71% | 24.69% | 22.56% | 23.23% | 24.56% | 29.22% | 0.00% |
| Research & Development | 885.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 9.90M | 8.64M | 5.26M | 5.03M | 12.68M | 21.47M | 16.71M | 20.74M | 21.19M | 15.22M | 14.72M | 13.18M | 11.07M | 8.05M | 4.05M | 0.00 |
| Other Expenses | 0.00 | -67.00K | 1.29M | 137.00K | 237.00K | -826.00K | -229.00K | 205.00K | 7.37M | -913.00K | -428.00K | -92.00K | 197.00K | -139.00K | -104.41K | 3.50K |
| Operating Expenses | 11.00M | 8.64M | 5.26M | 5.17M | 12.92M | 21.47M | 16.71M | 20.74M | 21.19M | 15.22M | 14.72M | 13.18M | 11.07M | 7.91M | 3.95M | 3.50K |
| Cost & Expenses | 44.15M | 31.03M | 22.17M | 23.77M | 32.34M | 108.60M | 98.11M | 110.24M | 106.61M | 89.24M | 81.11M | 78.20M | 63.88M | 43.55M | 32.68M | 3.50K |
| Interest Income | 232.00K | 465.00K | 387.00K | 334.00K | 396.00K | 0.00 | 2.46M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00K | 0.00 | 0.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 396.00K | 2.66M | 0.00 | 1.74M | 2.29M | 582.00K | 754.00K | 933.00K | 646.00K | 183.00K | 311.50K | -3.50K |
| Depreciation & Amortization | 1.41M | 1.13M | 438.00K | 464.00K | 1.11M | 3.30M | 3.59M | 2.82M | 3.16M | 1.60M | 1.56M | 1.54M | 1.09M | 767.00K | 167.61K | 0.00 |
| EBITDA | -1.24M | -4.68M | -3.42M | -3.82M | -10.64M | -5.89M | -130.00K | 6.94M | -4.68M | 2.44M | 8.26M | 7.39M | 4.98M | 4.22M | 8.08M | -3.50K |
| EBITDA Ratio | -3.00% | -10.74% | -18.70% | -19.60% | -70.56% | 0.70% | 3.01% | 3.82% | 2.88% | 2.21% | 7.51% | 6.75% | 8.71% | 9.44% | 19.91% | 0.00% |
| Operating Income | -2.65M | -4.03M | -3.86M | -4.28M | -11.75M | -1.87M | 3.39M | 2.10M | -5.30M | 1.75M | 7.13M | 5.95M | 4.71M | 3.69M | 7.92M | -3.50K |
| Operating Income Ratio | -6.40% | -14.92% | -21.09% | -21.98% | -57.10% | -1.76% | 3.34% | 1.84% | -4.98% | 1.90% | 8.09% | 7.08% | 6.85% | 7.81% | 19.50% | 0.00% |
| Total Other Income/Expenses | 756.00K | 398.00K | 1.68M | 1.30M | 994.00K | -2.33M | -3.64M | -1.19M | -3.28M | -1.50M | -1.18M | -1.03M | -1.47M | -417.00K | -312.00K | 3.50M |
| Income Before Tax | -1.90M | -3.63M | -2.18M | -2.98M | -10.76M | -5.36M | 857.00K | 572.00K | -8.58M | 255.00K | 5.95M | 4.92M | 3.24M | 3.27M | 7.61M | 0.00 |
| Income Before Tax Ratio | -4.57% | -13.45% | -11.92% | -15.30% | -52.27% | -5.04% | 0.85% | 0.50% | -8.06% | 0.28% | 6.75% | 5.86% | 4.72% | 6.93% | 18.73% | 0.00% |
| Income Tax Expense | 0.00 | 7.00K | -16.00K | 5.00K | 1.28M | 303.00K | 3.55M | 1.14M | -2.70M | 523.00K | 682.00K | 1.73M | 773.00K | 327.00K | 2.49M | 3.50K |
| Net Income | -1.90M | -3.64M | -2.17M | -2.99M | -12.04M | -5.66M | -9.34M | -569.00K | -5.88M | -268.00K | 5.27M | 2.99M | -60.00K | 2.95M | 5.12M | -3.50K |
| Net Income Ratio | -4.57% | -13.47% | -11.83% | -15.32% | -58.48% | -5.32% | -9.22% | -0.50% | -5.52% | -0.29% | 5.98% | 3.56% | -0.09% | 6.24% | 12.60% | 0.00% |
| EPS | -0.19 | -0.37 | -0.24 | -0.34 | -1.38 | -0.65 | -1.07 | -0.07 | -0.76 | -0.04 | 0.84 | 0.51 | -0.01 | 0.50 | 1.10 | 0.00 |
| EPS Diluted | -0.19 | -0.37 | -0.24 | -0.34 | -1.38 | -0.65 | -1.07 | -0.07 | -0.76 | -0.04 | 0.84 | 0.51 | -0.01 | 0.50 | 1.10 | 0.00 |
| Weighted Avg Shares Out | 9.91M | 9.73M | 8.86M | 8.73M | 8.73M | 8.70M | 8.70M | 8.70M | 7.74M | 7.19M | 6.26M | 5.91M | 5.91M | 5.87M | 4.66M | 1.20M |
| Weighted Avg Shares Out (Dil) | 9.91M | 9.73M | 8.86M | 8.73M | 8.73M | 8.73M | 8.72M | 8.70M | 7.75M | 7.19M | 6.30M | 5.91M | 5.95M | 5.93M | 4.66M | 1.20M |
Under The Radar Power-Grid Play Trading At A Funny Valuation
The company is inflecting into profitability with 2 fast-growing products. Annualized 2024 P/E multiple could be less than 5x, while comps are trading at more than 30x. Company enjoys tailwinds from the EV and AI macro trends.
Pioneer Power: A Compelling Investment Opportunity In The Electrification Of Everything
Pioneer Power: A Compelling Investment Opportunity In The Electrification Of Everything
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FORT LEE, N.J.--(BUSINESS WIRE)--Pioneer Power Solutions, Inc. (Nasdaq: PPSI) (“Pioneer” or the “Company”), a leader in the design, manufacture, service and integration of electrical power systems, distributed energy resources, power generation equipment and mobile electric vehicle (“EV”) charging solutions, today...
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FORT LEE, N.J.--(BUSINESS WIRE)--Pioneer Power Solutions, Inc. (Nasdaq: PPSI) (“Pioneer”, “Pioneer Power” or the “Company”), a leader in the design, manufacture, service and integration of electrical power systems, distributed energy resources, power generation equipment and mobile electric vehicle (“EV”) charging...
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Pioneer Power Solutions, Inc. (PPSI) Q3 2023 Earnings Call Transcript
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Pioneer's Third Quarter Revenue Increases 99.1% to a Record $12.4 Million; Grows Profitability to $0.10 in Quarterly EPS
Management Reiterates Guidance of Full Year Revenue of $42 to $45 Million, Full year positive EPS; Company Maintains $33.6 Million Backlog after Record Revenue Quarter FORT LEE, N.J. , Nov. 14, 2023 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer"...
Pioneer Power to Host Third Quarter Financial Results Conference Call on Wednesday, November 15, 2023 at 9:00 a.m. ET
FORT LEE, N.J. , Nov. 2, 2023 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer"), a leader in the design, manufacture, service and integration of electrical power systems, distributed energy resources, power generation equipment and mobile electric vehicle ("EV")...
Pioneer Power's Momentum Continues, Winning $7 Million in E-Bloc and Other Related Equipment Orders during August, Supporting Increased Growth Expectations for 2024
Additional Purchase Orders from a Variety of Customers for Diverse Use-Cases including Electric Vehicle Supercharging Stations, Demonstrating Broad-Based Adoption of Pioneer's Unique Distributed Generation Solution FORT LEE, N.J. , Sept. 5, 2023 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Nasdaq: PPSI)...
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